Due dates for the Month of March 2023

07th TDS TDS Payment for February 2023. 10th GST Return for authorities deducting tax at source – GSTR 7 for February 2023. Details of supplies effected through e-commerce operators and the amount of tax collected – GSTR 8 for February 2023. 11th GST Details of outward supplies of taxable goods and/or services effected – GSTR 1 for February 2023. 13th...

Time Tracking Software Failures and How to Avoid Them

Time-tracking software is a tool that allows individuals and organizations to monitor how much time is being spent on specific tasks or projects. It can track billable hours for client billing, monitor employee productivity, and improve project management by identifying areas where productivity can be improved. Time-tracking software can also be used to automate payroll processes and ensure...

HR Management System: Challenges, Features And Advantages

HR management systems (HRMS) are software platforms that streamline human resources management, including employee data, payroll, benefits, recruitment, and training. While HRMS offers many benefits, companies face some challenges when implementing these systems. One of the most significant challenges is resistance to change from employees who may be comfortable with traditional HR processes....

5 Performance Management Problems

Performance management is essential to HR management, but many organizations need help with effective performance management. Fortunately, HRMS software can help mitigate these issues, providing a more streamlined and efficient approach to managing employee performance. Here are five common performance management problems that can be solved with the help of HRMS software. 1. Inefficient and...

16 Top Payroll Challenges for Small Businesses and How to Solve Them

Small businesses face unique payroll challenges due to their limited resources and staff. One of the most significant payroll challenges for small businesses in compliance with federal and state payroll regulations. Small business owners must keep up with changing laws and regulations related to payroll taxes, wage and hour laws, and employee benefits, which can be time-consuming and costly....

TDS on Purchase of Immovable Property from Non-Residents.

1. Rate of TDS deduction. According to section 195(1), any person responsible for paying to a non-resident, not being a company, or to a foreign company, any interest other than interest referred to in section 194LB or section 194LC or section 194LD or any other sum chargeable under the provisions of this Act other than salary shall, at the time of credit or at the time of payment, whichever...

Broad scheme of Tax Deduction at Source from “Salaries”.

Every year an employer is obliged to deduct TDS from the salary payable by him to his employees. There are many practical difficulties faced by him in deducting TDS on estimated salary in determining the rate of TDS and estimated salary income on which such rate shall be applied. These difficulties are further increased due to amendments made by the authorities every year. Therefore an...

Compliance Calendar for February 2023.

  Appended below is the Pan India Compliance calendar for February 2023, employer is under obligation to contribute towards some of the above-mentioned compliances for the welfare of the employees. Each of these compliances is again governed by a set of rules and formulas. It is proven to be a deliberate attempt to violate the provisions of the law, there could be imprisonment of the...

Due dates for the Month of February 2023.

07th TDS TDS Payment for January 2023. 10th GST Return for authorities deducting tax at source – GSTR 7 for January 2023. Details of supplies effected through e-commerce operators and the amount of tax collected – GSTR 8 for January 2023. 11th GST Details of outward supplies of taxable goods and/or services effected – GSTR 1 for January 2023. 13th GST...

Why Is Recruitment Software So Important To An Organization

In today’s competitive job market, recruitment software is crucial in helping organizations find the right talent. Recruitment software is a powerful tool that helps organizations manage their recruitment process efficiently. It allows them to automate the process of finding, screening, and hiring the right candidate for the job. Not only does it save time and money, but it also ensures...